Month: May 2013

Mergers & Acquisitions

Element Six Acquires the Assets & Intellectual Property of Group4 Labs, Inc to Expand Portfolio of Synthetic Diamond Materials for the Semiconductor Industry

May 29, 2013 0

Element Six Acquires the Assets & Intellectual Property of Group4 Labs, Inc to Expand Portfolio of Synthetic Diamond Materials for the Semiconductor Industry Synthetic Diamond Enables Higher Performance Gallium Nitride Devices, Resulting in Smaller, Faster and Higher Power Electronic Devices for Defense and Commercial Applications PR Newswire SANTA CLARA, Calif., May 29, 2013 SANTA CLARA, Calif. , May 29, 2013 /PRNewswire/ — Element Six , the world leader in synthetic diamond supermaterials and member of the De Beers Group of Companies, today announced it has acquired the assets and intellectual property of Group4 Labs, Inc. […]

Stock Analysts

Canadian Solar Cuts 1Q Loss

May 29, 2013 0

Canadian Solar Inc. ( CSIQ ) reported first quarter 2013 results with adjusted loss per share of 10 cents much narrower than a loss of 49 cents in the first quarter of 2012 and a loss of $1.01 in the fourth quarter of 2012. […]

Mergers & Acquisitions

Service Corporation International To Acquire Stewart Enterprises, Inc.

May 29, 2013 0

Service Corporation International To Acquire Stewart Enterprises, Inc. PR Newswire HOUSTON, May 29, 2013 HOUSTON , May 29, 2013 /PRNewswire/ — Service Corporation International (NYSE: SCI) announced today the signing of a definitive agreement with Stewart Enterprises, Inc. (Nasdaq GS: STEI) to acquire all of Stewart’s outstanding shares of Class A and Class B common stock for $13.25 per share in cash […]

FDA Approval

TWi Pharmaceuticals’ Manufacturing Site for the Generic Version of Lidoderm(R) (Lidocane 5% patch) Passes US FDA cGMP Audit and Pre-Approval Inspection

May 29, 2013 0

TWi Pharmaceuticals’ Manufacturing Site for the Generic Version of Lidoderm(R) (Lidocane 5% patch) Passes US FDA cGMP Audit and Pre-Approval Inspection PR Newswire TAIPEI, Taiwan, May 29, 2013 TAIPEI, Taiwan , May 29, 2013 /PRNewswire/ — TWi Pharmaceuticals, Inc. , today announced that Teh Seng Pharmaceutical Mfg. […]

Mergers & Acquisitions

Significant Interest in voestalpine HBI From Texas

May 29, 2013 0

Significant Interest in voestalpine HBI From Texas PR Newswire LINZ, Austria, May 29, 2013 LINZ, Austria , May 29, 2013 /PRNewswire/ —  In March the decision was taken to locate the voestalpine Group’s direct reduction plant on the La Quinta Trade Gateway in San Patricio County , just outside the city of Corpus Christi, Texas , USA. The plant is designed for an annual capacity of 2 million tons of HBI (hot briquetted iron) and has direct deep-sea access to the Gulf of Mexico . […]

Mergers & Acquisitions

Antitrust clearance obtained for Bayer’s acquisition of Conceptus

May 29, 2013 0

Antitrust clearance obtained for Bayer’s acquisition of Conceptus Offer expires at midnight on June 4/5, 2013 PR Newswire LEVERKUSEN, Germany and WAYNE, N.J., May 29, 2013 LEVERKUSEN, Germany and WAYNE, N.J. , May 29, 2013 /PRNewswire/ — Antitrust clearance from the US Federal Trade Commission (FTC) was obtained with respect to Bayer’s acquisition of Conceptus, Inc., Mountain View, California (NASDAQ:CPTS). The FTC raised no objection to the transaction within the relevant waiting period under US antitrust law, which expired yesterday. […]

Stock Analysts

Ford Hits New 52-Week High

May 28, 2013 0

Shares of Ford Motor Co. ( F ) reached new 52-week high of $15.32 on May 22, which is above its previous level of $15.23 and closed at low-point of $14.97 on the same date. […]

Stock Analysts

Valeant Pharma to Buy Bausch+Lomb

May 28, 2013 0

In a bid to strengthen its ophthalmology portfolio, Valeant Pharmaceuticals International, Inc. ( VRX ) entered into a definitive agreement to acquire eye-care company, Bausch + Lomb Holdings Incorporated, for $8.7 billion in cash. […]

Stock Analysts

Flowserve Announces Dividend Again

May 28, 2013 0

Flowserve Corporation ( FLS ) recently announced a dividend of 42 cents per share or $1.68 on an annualized basis. The dividend is payable on Jul 12 to shareholders of record as on Jun 28. Flowserve has paid quarterly dividends consecutively for over 23 years and has been raising dividends every year. […]

Stock Analysts

Exxon, IOC in Papua New Guinea Pact

May 28, 2013 0

Oil major ExxonMobil Corporation ( XOM ) has entered into exclusive negotiation with Houston-based InterOil Corporation ( IOC ) and its joint venture partner Pacific LNG for a possible oil deal in Papua New Guinea. The financial details and the timing of the deal have not yet been revealed. Per the agreement, ExxonMobil is likely to invest in InterOil’s Petroleum Retention License 15, which would give ExxonMobil a working interest in certain discoveries related to the Elk and Antelope fields in the Gulf Providence of Papua New Guinea […]

Stock Analysts

FDA Accepts Omeros’ IND for OMS824

May 28, 2013 0

The US Food and Drug Administration (FDA) recently cleared the Investigational New Drug Application (IND) for Omeros Corporation ’s ( OMER ) OMS824 for treating patients suffering from Huntington's disease. OMS824 is Omeros’ lead compound in its phosphodiesterase 10 (PDE10) program. In Mar 2013, Omeros reported positive results from a multiple-ascending-dose (MAD) section of the company’s phase I study (n=64) on OMS824 for the treatment of Huntington's disease, schizophrenia and other central nervous system disorders. […]

Stock Analysts

J&J’s Promising Pharma Pipeline

May 28, 2013 0

Johnson & Johnson ( JNJ ) recently provided an update on its pharmaceutical business. The company is looking to strengthen its pharma product portfolio and plans to file for approval of more than 10 new products and more than 25 line extensions in the next 4 years. According to IMS Health, the worldwide pharma market, which was worth about $963 billion in 2012, is slated to grow about 4.5% per annum to approximately $1.2 trillion by 2017. […]

Stock Analysts

Broadcom’s HSPA Platform for TCL

May 28, 2013 0

Broadcom Corporation ( BRCM ) recently revealed that its 3G High Speed Packet Access (HSPA)+ platform, BCM28145, will be used by TCL Communication Technology Holdings Ltd . ( TCCLF ), a global manufacturer of mobile and internet products, for its new J310 Android-based smartphones. The J310 smartphone features the latest Android 4.2 Jelly Bean operating system, a 1.2GHz dual Cortex A9 processor with dual vector processing unit multimedia engine, HSPA+ modem and 3G/2G dual-SIM dual-standby function […]